We have analysed a new high-resolution e-MERLIN 1.5 GHz radio continuum map together with $HST$ and SDSS imaging of NGC 5322, an elliptical galaxy hosting radio jets, aiming to understand the galaxys central structure and its connection to the nuclear activity. We decomposed the composite $HST$ + SDSS surface brightness profile of the galaxy into an inner stellar disc, a spheroid, and an outer stellar halo. Past works showed that this embedded disc counter-rotates rapidly with respect to the spheroid. The $HST$ images reveal an edge-on nuclear dust disc across the centre, aligned along the major-axis of the galaxy and nearly perpendicular to the radio jets. After careful masking of this dust disc, we find a central stellar mass deficit $M_{rm def}$ in the spheroid, scoured by SMBH binaries with final mass $M_{rm BH}$ such that $M_{rm def}/M_{rm BH} sim 1.3 - 3.4$. We propose a three-phase formation scenario for NGC 5322 where a few ($2-7$) dry major mergers involving SMBHs built the spheroid with a depleted core. The cannibalism of a gas-rich satellite subsequently creates the faint counter-rotating disc and funnels gaseous material directly onto the AGN, powering the radio core with a brightness temperature of $T_{rm B,core} sim 4.5 times 10^{7}$ K and the low-power radio jets ($P_{rm jets}sim 7.04 times 10^{20}$ W Hz$^{-1}$) which extend $sim 1.6$ kpc. The outer halo can later grow via minor mergers and the accretion of tidal debris. The low-luminosity AGN/jet-driven feedback may have quenched the late-time nuclear star formation promptly, which could otherwise have replenished the depleted core.
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